Commonwealth, in collaboration with Voya Financial, recognizes that a lack of adequate emergency funds for employees can often put retirement security at risk. The reality of the precarious state of retirement savings in the U.S. is unsettling, particularly as the Boston College Center for Retirement Research estimates that half of households—including three-quarters of low-income households—are at risk of not being able to maintain their standard of living in retirement. As a result, Commonwealth and Voya are working together to test and research creative solutions to help address this challenge and ultimately advance what is effective for encouraging emergency savings while preserving retirement savings.